Golden Boy offers Pacquiao 50-50 for Barrera fight on HBO PPV March 17!

By G. Leon

28/12/2006

Golden Boy offers Pacquiao 50-50 for Barrera fight on HBO PPV March 17!

Moments ago Golden Boy CEO Richard Schaefer told Boxingtalk.com, "We have read reports out of the Philippines that Bob Arum made an offer to Golden Boy Promotions for $2.5M to provide the services of Marco Antonio Barrera for a fight with Manny Pacquiao on April 28 in Las Vegas. We are surprised by these actions since Top Rank doesn't have options on either fighter. Golden Boy, on the other hand, has a valid promotional deal with Barrera and believes that ultimately, as well with Pacquiao. Having said that we understand that both fighters want this fight to happen and Golden Boy Promotions doesn't want to stand in their way. We therefore would be willing to stage this fight under a 50-50 deal. We further agree to put the promotinal profits attributable to the Pacquiao side of the deal into an escrow account until such time that the courts decide who the legal promoter of Pacquiao is. At such times these profits would be either distributed to either Golden Boy or Top Rank. It's now up to Manny Pacquiao to accep this deal, which is of course substantially better than this fight going to purse-bid where Golden Boy would insist on the standard 75-25 split in favor of the champion, Marco Antonio Barrera. Furthermore, we have the date, March 17. We have the site, The MGM Grand in Las Vegas and we have the PPV, which we believe is substantially better than doing the fight a week before the De La Hoya-Mayweather showdown." (2:29 PM EST)